Tech sees progress in promoting women to executive roles, but still lags behind other sectors
- ByStartupStory | January 22, 2022
Securities regulatory authorities have advertised the seventh annual review of women on boards and in executive positions in technology are still not on par with their contemporaries in other industries, such as retail and utilities.
The review shows that analogised to other industries technology companies have the second lowest number of women on boards at 74%.
However, manufacturing glorifies 95%.
The study discovered 44 percent of respondents Said they did not believe tech companies want to hire women.
Things aren’t any improved in the executive suites.
Technology comes in dead last with 55 percent representation in the C- suites.
The good news is, those numbers have amended over the seven years that the review has been ongoing.
In the first year of the review only 39 percent of board members in technology were made up of women.
Correspondingly, In the first year, 45 percent of women held executive positions.
The review covers executive in the Participating jurisdictions, which are Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and sakatchewan.
Among the findings is the imposed in retail, biotechnology, real estate, and utilities industries.
The lowest percentage was found in the technology, mining, and oil and gas sectors.
The data was accrued from public documents filed on SEDAR and includes the name, industry and year- end of the 599 non- venture issuers who were included in the review sample.
The review doesn’t come as a surprise as a number of studies have reported a lack of representation from both women and racialised women in Canadian corporations.
Data from 2021 shows plethora of board members is still rare.”
“ very little progress” has been made for women at the executive officer level” and the numbers are abysmal for “ visible minorities” and people with disabilities.”
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